Tenants In Common Explained

Tenants In Common Explained

A tenants in common is an investment in a single large commercial rental property by multiple property owners, not as limited partners, but as individual property owners. Each property owner receives an individual deed at closing for his or her undivided percentage interest in the entire rental property. A tenants in common exchange qualifies as a 1031 real estate exchange according the internal revenue code. The theory behind internal revenue code is that when a property owner has reinvested the sale proceeds into another rental property, the economic gain has not been realized in a way that generates funds to pay any tax. Therefore, it would be unfair to force the taxpayer to pay tax on a paper gain. Tenants In Common exchanges offer this and many more benefits to investing.

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